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The following represents summary cash flow information for three companies, each of which had long-term debt at the beginning of the period. Gold Co. Black
The following represents summary cash flow information for three companies, each of which had long-term debt at the beginning of the period. Gold Co. Black Co. ML Co. Cash provided (used) by operating activities 80,000 75,000 (75,000) Cash provided (used) by investing activities: Cash from sale of assets 65,000 Cash used in purchase of assets (55,000) (65,000) Cash provided (used) by financing activities: Proceeds from issuance of debt 20,000 Repayment of debt (15,000) Net change in cash for the period 10.000 10.000 10.000 Use this information to answer the questions that follow, a-Which company is in the strongest cash flow position and why. Address each section of the statement b-Which company is in the weakest cash flow position and why (be specific)? C-When evaluating the Statement of Cash Flows, what section or item is the most important to consider
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